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Herbst Foundation Inc. is a private corporation based in SAN FRANCISCO, CA. The foundation received its IRS ruling in 1963. It holds total assets of $60.2M. Annual income is reported at $16.9M. The foundation is governed by 7 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Herbst Foundation Inc. has made 4 grants totaling $15.6M, with a median grant of $3.6M. Annual giving has grown from $3.6M in 2020 to $5M in 2023. Individual grants have ranged from $3.4M to $5M, with an average award of $3.9M. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Herbst Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CA.
Herbst Foundation Inc. has distributed a total of $15.6M across 4 grants. The median grant size is $3.6M, with an average of $3.9M. Individual grants have ranged from $3.4M to $5M.
Herbst Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Herbst Foundation Inc. is headquartered in SAN FRANCISCO, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert K Taylor | Treas. & Direct | $0 | $0 | N/A |
| Melvyn I Mark | President | $0 | $0 | N/A |
| Jerrol L Harris | Director | $0 | $0 | N/A |
| William Noble | Director | $0 | $0 | N/A |
| Bruce W Hart | Director | $0 | $0 | N/A |
| Fredric C Nelson Esq | Sec. & Director | $0 | $0 | N/A |
| Steven Monosson | Director | $0 | $0 | N/A |
Total Giving
$5.6M
Total Assets
$59.2M
Fair Market Value
$81.8M
Net Worth
$59.2M
Grants Paid
$5M
Contributions
N/A
Net Investment Income
$2.2M
Distribution Amount
$3.8M
Total Grants
4
Total Giving
$15.6M
Average Grant
$3.9M
Median Grant
$3.6M
Unique Recipients
1
Most Common Grant
$3.4M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Schedule AttachedVarious | San Francisco, CA | $5M | 2023 |